After months of speculation of its weakest elements, the global banking sector has undergone what many are calling a long overdue consolidation within the space of a few days. Here's a summary of what has happened, its happening - and may happen next.
CHINA - HSBC on Monday became the second foreign bank after Hong Kong's Bank of East Asia to receive a licence to begin online banking in China.
SPEECH - Opening Remarks by Mr Tony Latter, Deputy Chief Executive, Hong Kong Monetary Authority, at the Signing Ceremony for the Appointment of the Dao Heng Bank Group, HSBC and Hang Seng Bank as Placing Banks for the Retail Bonds of the HKMC, 22 October.
SPEECH - Luncheon speech by Christian Noyer, Vice-President of the European Central Bank, at the conference organised by HSBC CCF Securities, Paris, 6 September.
AUSTALIA - The Reserve Bank of Australia board meets tomorrow, 1 May, to consider whether the future risks to the Australian economy warrant further interest rate reductions. And according to market economists the decision will be a finely balanced one.
IRAN - Iran is talking to foreign banks with a view to raising money on the international capital markets "when the time is right", the central bank governor, Mohsen Nourbaksh, said on Apr 16.
Hong Kong's quasi central bank the Hong Kong Monetary Authority and the Hong Kong & Shanghai Banking Corp. unveiled Monday new security features to combat widespread counterfeiting of Hongkong Bank's HK$1,000 notes.
Taiwan's central bank lashed out at Hong Kong and Shanghai Banking Corp (HSBC) on Thursday, saying it had consistently undervalued the local currency in its foreign exchange forecasts.
The Bank of Thailand said Monday it will hold meetings to consider the sales of two nationalised banks - Siam City Bank (H.SCB) and Bangkok Metropolitan Bank PCL (H.BMB) on Wednesday and Thursday, respectively.